Section 5572 - Extension of the 120-Day Escrow Moratorium(a) To extend a 120-day moratorium recorded on the permanent title record of a used manufactured home, mobilehome, or multi-unit manufactured housing, the escrow agent shall submit the following items to the department: (1) A written request to extend the 120-day escrow moratorium, which states that the escrow agent has the mutual consent in writing of all parties to the escrow to such an extension.(2) A photocopy of the letter sent by the department to the escrow agent, acknowledging receipt of the notification of escrow opening.(3) If the original 120-day moratorium has expired, payment of the Escrow Opening Fee required by subsection 5660(j).Cal. Code Regs. Tit. 25, § 5572
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1). Note: Authority cited: Sections 18015 and 18075, Health and Safety Code. Reference: Sections 18035(g) and 18100.5(b), Health and Safety Code.
1. New section filed 12-31-97; operative 1-1-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 1).